Company Peformance

BOCA RATON, Florida - At the Consumer Analyst Group of New York (CAGNY) conference today, executives of General Mills (NYSE: GIS) outlined the company’s approach to long-term shareholder value creation and its key priorities for returning to consistent topline growth.

General Mills (NYSE: GIS) announced today that Chairman and Chief Executive Officer Jeff Harmening and Chief Financial Officer Don Mulligan will be featured speakers at the Consumer Analyst Group of New York Conference in Boca Raton, Florida, on Tuesday, February 20, 2018.

General Mills today launched the General Mills Feeding Better Futures Scholars Program, which asks youth to share their ideas to help solve the challenge of feeding a growing world population. Feeding Better Futures will serve as a catalyst in addressing hunger relief and sustainable agriculture issues by championing the bright ideas of today’s youth. Young innovators are invited to pitch their in-action solutions for the opportunity to present at the Aspen Ideas Festival, be partnered with industry mentors, and earn up to $50,000 to further their program and education.

MINNEAPOLIS, Minnesota - General Mills (NYSE: GIS) today reported results for the second quarter ended November 26, 2017. “I’m pleased with the breadth of the topline improvement we delivered this quarter across our geographies, product platforms, and channels,” said General Mills Chief Executive Officer Jeff Harmening. “We’re executing better, with stronger innovation, more effective brand building, and better merchandising leading to market share gains in the majority of our key global platforms. I’m also pleased that we delivered topline growth in absolute terms.”

General Mills continues to invest in soil health practices on U.S. agricultural farmland with its latest contribution of $735,000 to the National Wheat Foundation. The foundation, along with the Soil Health Partnership, will advance widespread adoption and implementation of these practices.

General Mills, Inc. (NYSE: GIS) plans to report results for its fiscal 2018 second quarter on Wednesday, December 20, 2017. A webcast discussion of those results will be held that day, beginning at 7:30 a.m. CST (8:30 a.m. EST).

General Mills has joined leading companies in an agreement to end deforestation, protect national parks from illegal cocoa production and develop alternative livelihoods for affected smallholder farmers in Cote d’Ivoire and Ghana. The two countries produce nearly two-thirds of the world’s annual supply of cocoa. The far-reaching joint Frameworks for Action, led by the World Cocoa Foundation, was announced today at the UN Climate Change Conference (COP23) in Bonn, Germany.

In conjunction with discussions today at the Morgan Stanley Global Consumer & Retail Conference, General Mills (NYSE: GIS) reaffirmed its key financial targets for the fiscal year ending May 27, 2018. Organic net sales are expected to decline between 1 and 2 percent from 2017 levels. Total segment operating profit in constant currency is expected to range between flat and up 1 percent, and adjusted operating profit margin is expected to increase over year-ago levels. Fiscal 2018 adjusted diluted earnings per share (EPS), which excludes certain items affecting comparability, are expected to increase between 1 and 2 percent in constant currency.

General Mills (NYSE: GIS) today announced that Ken Powell will be retiring as chairman of the board effective the end of the year. The company’s Board of Directors has elected Chief Executive Officer Jeffrey Harmening to serve as chairman of the board upon Powell’s retirement effective January 1, 2018. Harmening will continue to serve as the company’s chief executive officer.

The General Mills Board of Directors today declared a quarterly dividend at the prevailing rate of $0.49 per share, payable November 1, 2017, to shareholders of record as of October 10, 2017. General Mills (NYSE: GIS) and its predecessor company have paid dividends without interruption for 119 years.

General Mills (NYSE: GIS) today reported results for the first quarter ended August 27, 2017. "Our number one priority in fiscal 2018 is strengthening our topline performance," said General Mills Chief Executive Officer Jeff Harmening. "Our first-quarter net sales finished in line with our expectations, and our focus on our global growth priorities drove important improvement in our retail sales trends. This included a 300 basis point improvement in the U.S., with better results in each of our top 5 categories."

General Mills, Inc. (NYSE: GIS) plans to webcast two September investor presentations. On Thursday, Sept. 7, 2017, the company will present at the Barclays Global Consumer Staples Conference. The presentation and webcast are scheduled to begin at 7:30 a.m. Eastern Daylight Time.

NEW YORK - General Mills executives updated investors and analysts on its global priorities for fiscal 2018 at the company’s annual Investor Day event at the New York Stock Exchange.
General Mills CEO Jeff Harmening, who transitioned to the role June 1, said the company remains committed to its Consumer First strategy and will look to global prioritization to unlock growth opportunities including opportunities in e-commerce.

General Mills (NYSE: GIS) today reported results for the fourth quarter and full fiscal year ended May 28, 2017.

"Our fourth-quarter results finished in line with our expectations, with improved organic net sales trends in total and across three of our four operating segments," said General Mills Chief Executive Officer Jeff Harmening. "While we took important steps in fiscal 2017 to globalize our business structure, accelerate our cost-savings efforts, expand our margins, and drive growth in adjusted diluted EPS, our results on the topline fell well short of our standards. Our entire organization is moving with urgency in fiscal 2018 to meaningfully improve our net sales trends while keeping a sharp eye on our efficiency."

General Mills today announced that Ivan Pollard has been named global chief marketing officer (CMO), effective July 10, 2017. Pollard will report to Jeff Harmening, chief executive officer and be accountable for establishing the company’s first global marketing and media planning function responsible for marketing strategies, connections planning, and building organizational capabilities globally.

General Mills, Inc. (NYSE: GIS) plans to webcast two investor presentations. The company plans to report results for its fiscal 2017 fourth quarter and full year on Wednesday, June 28, 2017. A press release will be issued Wednesday morning, followed by a webcast discussion of those results beginning at 7:30 a.m. Central Daylight Time (8:30 a.m. Eastern Daylight Time).

General Mills (NYSE: GIS) today announced that its board of directors has elected Jeffrey L. Harmening Chief Executive Officer of the company, effective June 1, 2017. The board also elected Harmening to the General Mills Board of Directors. Harmening, age 50, is a 23-year veteran of the company and has served as President and Chief Operating Officer since July 1, 2016. Harmening succeeds Ken Powell, who has served as General Mills Chairman and Chief Executive Officer since 2007. Powell will continue to serve as the company's Chairman for a transition period until his retirement, expected within the next year.

General Mills (NYSE: GIS) today reported results for the third quarter ended February 26, 2017. "Our third-quarter results finished in line with our expectations and keep us on track to deliver the guidance we updated last month," said General Mills Chairman and Chief Executive Officer Ken Powell.

The General Mills Board of Directors today declared a quarterly dividend at the prevailing rate of $0.48 per share, payable May 1, 2017, to shareholders of record as of April 10, 2017. The General Mills (NYSE: GIS) current annualized dividend rate of $1.92 per share represents an increase of 8 percent over the annual dividend of $1.78 paid in fiscal 2016.

General Mills, Inc. (NYSE: GIS) plans to report results for its fiscal 2017 third quarter on Tuesday, March 21, 2017. A webcast discussion of those results will be held that day, beginning at 7:30 a.m. CDT (8:30 a.m. EDT).

General Mills (NYSE: GIS) said today that in response to revised second-half growth expectations driven largely by recent sales performance on U.S. yogurt and soup, the company is reducing its sales and earnings outlook for the fiscal year ending May 2017. The company expects to deliver an adjusted operating profit margin of at least 18 percent in fiscal 2017, which represents an increase of at least 120 basis points over fiscal 2016 levels.

General Mills will webcast its upcoming presentation at the Consumer Analyst Group of New York (CAGNY) conference. Interested investors can listen to the live broadcast beginning at 8:00 a.m. Eastern Standard Time on Tuesday, February 21, 2017.

General Mills (NYSE: GIS) today announced a new global organizational structure that will support growth and drive greater efficiency by streamlining the company’s leadership, maximizing global scale, and increasing operational agility.

The General Mills Board of Directors today declared a quarterly dividend at the prevailing rate of $0.48 per share, payable November 1, 2016, to shareholders of record as of October 10, 2016. General Mills (NYSE: GIS) current annualized dividend rate of $1.92 per share represents an increase of 8 percent over the annual dividend of $1.78 paid in fiscal 2016.

Progresso is now using only 100 percent antibiotic and hormone free chicken breasts in all of its 36 chicken soup varieties. Currently available on store shelves nationwide, Progresso is the first large retail soup brand in the United States to have antibiotic and hormone free chicken breasts in its soups.

General Mills (NYSE: GIS) today reported results for the first quarter ended August 28, 2016.
"Our first-quarter profit margin expansion and EPS results reflect continued good progress on our productivity and cost-savings initiatives," said General Mills Chairman and Chief Executive Officer Ken Powell. "However, our net sales performance did not meet our expectations due to the challenging macro environment, a difficult year-over-year comparison, and a slower start to the year on certain businesses. We are taking actions to improve our net sales performance going forward, leveraging our Consumer First focus. At the same time, we have a number of encouraging examples across our global portfolio where our efforts to adapt to evolving consumer interests are driving positive results."

In conjunction with a presentation today at the Barclays Global Consumer Staples Conference, General Mills (NYSE: GIS) reaffirmed its key financial targets for the fiscal year ending May 28, 2017. These targets include organic net sales growth between flat and down 2 percent; total segment operating profit growth between 6 and 8 percent in constant currency; 150 basis points of adjusted operating profit margin expansion; and adjusted diluted earnings per share growth between 6 and 8 percent in constant currency.

General Mills (NYSE: GIS) today announced two new senior leadership appointments. Jon Nudi has been named Senior Vice President; President, U.S. Retail, one of the company’s three operating segments. The U.S. Retail role was previously held by Jeff Harmening who was promoted in June to President and Chief Operating Officer of General Mills. Nudi has most recently been located in Europe running the Europe-Australasia business for General Mills.

General Mills (NYSE: GIS) today reported results for the fourth quarter and full fiscal year ended May 29, 2016. These results reflect the impact of foreign exchange headwinds, the sale of the North American Green Giant business, and one less week compared to fiscal 2015.

General Mills (NYSE: GIS) today announced the appointment of Jeffrey L. Harmening as President, Chief Operating Officer of General Mills effective July 1, 2016. Harmening will be responsible for all company operations including U.S. Retail, International, Convenience Stores and Foodservice segments, Sales and Channel Development, as well as Global Supply Chain, and Innovation, Technology and Quality functions. Harmening will continue to report to Chairman and CEO Ken Powell. Harmening’s successor will be announced at a later date.

General Mills and South Dakota State University today announced the opening of a state-of-the-art oat variety development lab on the Brookings campus. The Oats Research Laboratory will focus on advancing the sustainability and quality of oats in the U.S.

On Tuesday, June 14, the company will present at the dbAccess Global Consumer Conference in Paris. The presentation and webcast are scheduled to begin at 4:00 p.m. Central European Time (10:00 a.m. Eastern Daylight Time). The company plans to report results for its fiscal 2016 fourth quarter and full year on Wednesday, June 29.

General Mills (NYSE: GIS) today announced the election of Jorge A. Uribe to its board of directors effective June 1, 2016. Uribe retired in 2015 from his role as Global Productivity and Organization Transformation Officer at Procter & Gamble, where he was responsible for the company's major productivity initiatives and broad-based structural and cultural re-design.

General Mills (NYSE: GIS) today reported results for the third quarter of fiscal 2016. General Mills Chairman and Chief Executive Officer Ken Powell said, “Our third-quarter financial results were in line with our expectations.

Today, General Mills announced its commitment to champion development of water stewardship plans by 2025 for the company’s most material and at-risk watersheds in its global value chain. The commitment is in recognition of World Water Day and in conjunction with the White House Water Summit. As part of this commitment, the company will lead corporate collaboration efforts, foster development of foundational tools, and advocate science-based policy in these watersheds, commensurate with the gap in stewardship in each individual watershed.

General Mills is announcing it has completed the sale of its Venezuela business to Lengfeld Inc., a private, international investor with a presence in Venezuela. As a result, General Mills has exited the Venezuela market.

General Mills today announced it will accelerate its commitment to more than double the organic acreage from which it sources ingredients. The company now expects to meet its goal of 250,000 acres by 2019. The increased acreage is directly linked to the company’s goals to grow net sales from its natural and organic products.

In conjunction with a presentation today at the Consumer Analyst Group of New York (CAGNY) investor conference, General Mills (NYSE: GIS) reaffirmed its key financial targets for the fiscal year ending May 29, 2016, which reflect the impact of the Green Giant divestiture.

General Mills announces its 150th birthday today with plans for a year-long celebration. To celebrate its impact on a century and a half of food around the world, General Mills will share and highlight nostalgic food memorabilia from its historical archives. And honoring its journey of developing leading brands, life-changing inventions and cultural icons, General Mills is pledging “a future of continued innovation – and striving to help make its communities and the world a better place.”

General Mills today announced it has completed collective consultation on the proposed closure of its manufacturing facility in Berwick, United Kingdom with employee representatives and union officials and has made a decision to close the facility by the autumn of 2016.

General Mills, Inc. (NYSE:GIS) said today that it has acquired EPIC Provisions, a rapidly growing, premium meat snacks company based in Austin, Texas. EPIC will operate under General Mills’ Annie’s business, which itself has experienced strong sales growth since General Mills acquired the company more than a year ago. EPIC will maintain its present location in Austin.

General Mills said today that it has acquired Brazilian yogurt maker Carolina Administração e Participações Societárias Ltda., (Carolina), a privately-held dairy products company headquartered in Ribeirão Claro, Paraná, Brazil. Terms of the transaction were not disclosed.

301 INC, the new business development and venturing unit at General Mills, today launched a new multi-million dollar capital fund through the CircleUp marketplace to seed emerging consumer food brands.

301 INC, the new business development and venturing unit within General Mills, today announced a new strategy focused on building partnerships with emerging food brands to create breakthrough innovation in the food space. Through 301 INC, entrepreneurs and early stage food companies will have access to capital and the deep knowledge and expertise of General Mills to develop, grow and expand their businesses.

General Mills, Inc., (NYSE: GIS) announced today it has reached a definitive agreement to sell its Green Giant and Le Sueur vegetable businesses to B&G Foods, Inc., (NYSE: BGS) for approximately $765 million in cash, subject to an inventory adjustment at closing.

General Mills unveiled its line-up of new products set debut this summer. Leading this collection is a host of new products to align with growing consumer interest in wellness, including new Yoplait Plenti, Nature Valley Toasted Oats Muesli, and Annie’s organic soups.

General Mills today launched its Yoplait yogurt brand in China. Three new yogurt lines will be rolling out in hypermarkets, supermarkets and convenience stores in Shanghai, giving consumers new options in China’s premium yogurt market: Perle de lait, a thick and creamy French-style yogurt, Panier de fruits, the first fruit on the bottom yogurt in the category, and O’Fruit, a drinkable yogurt with big fruit pieces that requires an extra-large straw to drink.

General Mills (NYSE: GIS) said today that the board of directors declared a quarterly dividend of $0.44 per share, payable May 1, 2015, to shareholders of record April 10, 2015. This represents a 7 percent increase from the previous quarterly rate of $0.41 per share. Including the new May quarterly payment, General Mills dividends per share in fiscal 2015 will total $1.67, up 8 percent from the annual dividend of $1.55 paid the previous fiscal year.

General Mills (NYSE: GIS) today reported results for the first quarter of fiscal 2015, and provided an update on new cost-reduction initiatives designed to sharpen the company’s efficiency and growth focus in 2015 and longer term.

General Mills announced its newest lineup of products poised to drive growth for the company. Beginning in January, the company will launch more than 50 new products that meet increasing consumer demand for better-for-you snacks, products with simple ingredients, protein, gluten-free and bold flavors.

General Mills, Inc. (NYSE: GIS) announced today that its tender offer to purchase all issued and outstanding shares of common stock of Annie’s, Inc. (NYSE: BNNY) at a price of $46.00 per share was successful and that it has completed its acquisition of Annie’s, effective as of October 21, 2014.

General Mills said today that Mark Addicks, senior vice president and chief marketing officer, has announced plans to retire in 2015 after a stellar 26-year career with the company. Ann Simonds, the current president of General Mills’ Baking Products division, will succeed Addicks as chief marketing officer.

General Mills (NYSE: GIS) today reported results for the first quarter of fiscal 2015, and provided an update on new cost-reduction initiatives designed to sharpen the company’s efficiency and growth focus in 2015 and longer term.

General Mills (NYSE: GIS) said today that it continues to expect adjusted diluted earnings per share (EPS) for the fiscal year ending May 25, 2014, to total between $2.87 and $2.90 per share. Adjusted diluted EPS excludes mark-to-market valuation effects for certain commodities and grain inventories; restructuring and other exit costs; and now also excludes the impact of changes in Venezuelan foreign currency policy.

General Mills (NYSE: GIS) said today that the board of directors declared a quarterly dividend of $0.41 per share, payable May 1, 2014, to shareholders of record April 10, 2014. This represents an 8 percent increase from the previous quarterly rate of $0.38 per share. Including the new May quarterly payment, General Mills dividends per share in fiscal 2014 will total $1.55, up 17 percent from the annual dividend of $1.32 paid the previous fiscal year.

Today General Mills announced an aggressive lineup of new products set to bring more consumers to General Mills’ leading brands. More than 50 new items will debut from the company’s U.S. Retail business with dozens more rolling out in international markets during the second-half of the company’s fiscal 2014, which ends in May.

General Mills (NYSE: GIS) today reported results for the first quarter of fiscal 2014. The period includes three months of incremental contribution from new businesses (Yoplait Canada, Yoki Alimentos and Immaculate Baking Company) added in the previous year.

General Mills (NYSE: GIS) today reported results for the first quarter of fiscal 2014. The period includes three months of incremental contribution from new businesses (Yoplait Canada, Yoki Alimentos and Immaculate Baking Company) added in the previous year.

General Mills (NYSE: GIS) today reported results for the fourth quarter and full fiscal year ended May 26, 2013. Contributions from new businesses in fiscal 2013 primarily reflect results for Yoki Alimentos in Brazil and Yoplait International.

In conjunction with remarks this week at the Deutsche Bank Global Consumer Conference in Paris, General Mills (NYSE: GIS) said it now expects to deliver fiscal 2013 adjusted diluted earnings per share of $2.68 - $2.69. The company's previous guidance was $2.66 - $2.68.

General Mills (NYSE: GIS) today reported results for the third quarter of fiscal 2013. Contributions from new businesses in this period primarily reflect operating results for Yoki Alimentos in Brazil and Yoplait Canada.

General Mills (NYSE: GIS) said today that its Board of Directors has declared a quarterly dividend payable May 1, 2013, and also approved a 15 percent increase in the dividend rate effective with the Aug. 1, 2013, payment.

General Mills (NYSE: GIS) today reported results for the second quarter of fiscal 2013. Contributions from new businesses primarily reflect the first three months of consolidated operating results for the Yoki Alimentos business in Brazil and Yoplait Canada.

General Mills today reported results for the first quarter of fiscal 2013. The period includes two months of incremental contribution from the Yoplait International acquisition completed in July 2011, and three months of results for the Food Should Taste Good, Yoplait Ireland and Parampara Foods businesses acquired during the final quarter of fiscal 2012.

Forbes magazine has named General Mills to its prestigious “The World’s Most Innovative Companies” list. According to Forbes, the 100 global companies that appear on the list are selected and evaluated based on an “innovation premium” score, which measures the premium the stock market gives a company for anticipated or expected innovation.

General Mills Chairman and Chief Executive Officer Ken Powell said, “Fiscal 2012 was characterized by the highest input-cost inflation we’ve experienced in more than three decades, and this cost pressure constrained our earnings growth.

General Mills (NYSE: GIS) said today that its board of directors has approved an 8 percent dividend increase for General Mills common stock. The new quarterly dividend of $0.33 per share is payable Aug. 1, 2012, to shareholders of record July 10, 2012. .

General Mills announced today the acquisition of Parampara’s branded range of ready-to-cook spice and sauce mixes produced in Pune, India, and sold under the Parampara, StarterZ and Curry Tree brands. Parampara’s products are marketed primarily in the Pune region of western India and exported to countries like the United States, Canada and Japan.